FBI issues warning on Ichcoin
The Federal Bureau of Investigation (FBI) has issued a warning, regarding the fraudulent cryptocurrency platform Ichcoin
The Federal Bureau of Investigation (FBI) has issued a warning, regarding the fraudulent cryptocurrency platform Ichcoin, which defrauded investors nationwide. The warning pertains to the Ichcoin cryptocurrency scam, targeting US investors.
Amanda Culver, Assistant Special Agent, draws attention to the simplicity of scammers’ methods. Victims frequently lose their life savings after being tricked into thinking their investments are increasing. In the end, they are left with nothing.
She added: “It is easy to use these platforms to bamboozle people… crypto is one of those platforms on which folks recognize that there can be a return on investment. The concern is that homework needs to be done.” Culver also warned about red flags, saying:
I think it’s important for people to know that any time you receive unsolicited messages from people asking you to invest, promising high rates of return on your investment, telling you that they’re going to give you free money for you to invest, anything along those lines, those are red flags.
Ichcoin, according to Assistant Special Agent in Charge Amanda Culver, is a “scheme” and a “scam” that frequently originates on social media sites like Facebook and Instagram. Next, con artists transfer the conversation to WhatsApp, and pose as advisers on cryptocurrency investments. They then pressure victims to tell lies to their banks and send substantial amounts of money to the fraudulent website. The victims are tricked into believing such investments are increasing, but when they try to take money out, they are “ghosted.”. Culver highlighted that several victims had lost their entire life savings.
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